What are Your Best Financial Options for Buying a Car?

Money Wisdom

Let’s talk a little bit about a fun topic that we haven’t covered on the podcast much in the past, which is buying cars. Pretty much everyone has a driver’s license and uses a car so it’s a topic that impacts most people. More importantly, buying a car is a large financial decision and making a smart purchase could save you significant dollars over time.

We brought Eric Hogarth, CFP® back onto the show to discuss the car-buying process and some of the things that you need to consider before you sign the check on your next car.

Here’s some of what we discuss in this episode:

• Paying cash for a car vs financing a car.
• When is it appropriate to buy a new car over a used one?
• When does it make sense to lease instead of purchase?
• A story about a client buying cars and how it fits into an overall plan.

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